NOT LISTED FOR SALE

223 1/2 N Prospect St Herkimer, NY 13350

Estimated Value: $123,000 - $151,000

4 Beds
2 Baths
1,961 Sq Ft
$70/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $48,200 $25 Per Sq Ft

Est. 193% increase in value since last sale

Current estimated payment $1,029/month

42 Days on Market

About This Home

As of August 2019

Investors, here is a money maker!! This 2 unit building fully rented with lease agreements, great cash flow. Both units have 3 bedrooms and 1 bath. Tenants pay there own utilities. There is plenty of parking for tenants. Don't let this one pass you by.

Last Agent to Sell the Property

Delbert Ball

Listing by Keller-Williams Mohawk Valley License #10401246417 Listed on: 03/23/2019

Keller-Williams Mohawk Valley

Last Buyer's Agent

Delbert Ball

Listing by Keller-Williams Mohawk Valley License #10401246417 Listed on: 03/23/2019

Keller-Williams Mohawk Valley

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 106 x 66

Interior Spaces

  • 1,961 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 120.25-1-5

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • NY Swis Code: Herkimer-Village-213001
  • Total Assessed Value: 48000
  • Listing Type: Exclusive Right To Sell
  • Lot Dimension Depth: 106
  • Lot Dimension Front: 66
  • Lot Information: Commercial Zoning, Right of Way
  • Nearest Cross Street: Park Ave
  • Number of Stories: 2.0000
  • Property Type: Multi-Family Res (2-4) units
  • Ratio Close Price By Sq Ft: 24.58
  • Ratio List Price By Sq Ft: 26.98
  • Regional Board Code: Syracuse
  • Rent Includes: Water
  • School Tax: 1324
  • Sub Board Code: Mohawk Valley
  • Type of Sale: Normal
  • Village: Herkimer-Village
  • Year Built Description: Existing
  • Age of Building: 117
  • Year Built: 1905
  • Directions To Property: Located behind 221 5 unit building
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1905

Interior Features

  • Basement Description: Full
  • Floor Description: Laminate-Some, Vinyl-Some, Wall To Wall Carpet-Some
  • Total Sq Ft: 1961

Exterior Features

  • Construction: Composition

Garage/Parking

  • Number of Electric Meters: 2
  • Parking Driveway: 2 or More Spaces, Blacktop, Parking Area

Utilities

  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Number of Gas Meters: 2
  • Number of Heating Units: 2
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas

Schools

  • School District: Herkimer

Lot Info

  • Parcel Number: 120.25-1-5

Rental Info

  • Certificate of Occupancy: Not Supplied

Multi Family

  • Total Number Of Apartments: 2

Tax Info

  • Total Taxes: 3002

MLS Schools

  • School District Name: Herkimer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2019
Closed on
Jul 8, 2019
Sold by
Valley Fund 1 Llc
Bought by
Weisser Frederick E
Seller's Agent
Delbert Ball
Keller-Williams Mohawk Valley
Buyer's Agent
Delbert Ball
Keller-Williams Mohawk Valley
List Price
$52,900
Sold Price
$48,200
Premium/Discount to List
-$4,700
-8.88%
Current Estimated Value
$141,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,201
Avg. Annual Appreciation
19.65%
Original Mortgage
$47,326
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 7, 2016
Sold by
Bishop Rose
Bought by
Citadel Capital Llc

Purchase Details

Closed on
Oct 5, 2010
Sold by
Bourdenet Raymond
Bought by
Bishop Rose

Purchase Details

Closed on
Sep 13, 2010
Sold by
Bourdenet Raymond
Bought by
Starna Irene
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weisser Frederick E $48,200 --
Citadel Capital Llc $43,000 --
Bishop Rose $30,000 --
Starna Irene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weisser Frederick E $60,000
Closed Weisser Frederick E $47,326
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $48,200 -8.9% $25 / Sq Ft
05/04/2019 05/04/19 Pending -- -- --
03/23/2019 03/23/19 For Sale $52,900 -- $27 / Sq Ft
Source: Mid New York Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,062 $48,000 $12,100 $35,900
2023 $3,012 $48,000 $12,100 $35,900
2022 $2,917 $48,000 $12,100 $35,900
2021 $2,906 $48,000 $12,100 $35,900
2020 $2,920 $48,000 $12,100 $35,900
2019 $3,191 $48,000 $12,100 $35,900
2018 $2,934 $48,000 $12,100 $35,900
2017 $3,001 $51,500 $12,100 $39,400
2016 $2,965 $51,500 $12,100 $39,400
2015 -- $51,500 $12,100 $39,400
2014 -- $51,500 $12,100 $39,400
Source: Public Records

Agents Affiliated with this Home

  • Delbert Ball

    Seller's Agent in 2019

    Delbert Ball

    Keller-Williams Mohawk Valley

    (315) 868-3933

    87 in this area

    313 Total Sales

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Map

Source: Mid New York Regional MLS

MLS Number: S1180107

Mid New York Regional MLS

APN: 213001-120-025-0001-005-000-0000

New York Herkimer County Herkimer 13350

223 1/2 N Prospect St, Herkimer, NY

This home is located at 223 1/2 N Prospect St, Herkimer, NY 13350 since 23 March 2019 and is currently estimated at $136,399, approximately $69 per square foot. This property was built in 1905. 223 1/2 N Prospect St is a home located in Herkimer County with nearby schools including Herkimer Elementary School, Herkimer High School, and St. Francis de Sales School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Mid New York Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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